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Search Results 0 to 6 of about 7 (some duplicates have been removed)
. >> we must not permit and artificial debt ceiling to throw the country into default and our economy into chaos and depression, which is exactly what the republicans are threatening to do. jon: some conservative groups warn that removing the limit is a recipe for economic disaster, as we're seeing now in greece. the leaders of heritage action family research council and club for growth writing in an op ed they want congress to balance the budget within ten years and keep it balanced. quote, no american should have to tell an eight-year-old child that we cannot get our nation's house in order by the time she goes to college. there are many ways to get to a d republicans haved both an obligation to explain what path they will choose. jonah goldberg is editor at large for national review online, he's also a fox news contributor. get rid of the debt ceiling all together? jonah, what do you think about that idea? >> well i don't think it's a disaster if we got rid of the debt ceiling but i'm not in favor of getting rid of the debt ceiling. most countries don't have a debt ceiling. you sti
'll turn to the economy now. a new warning about the united states and our credit rating as the debt battle kicks into high gear. congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our bills. congress has two choices here. we can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. jenna: republicans like congressman jason chaffetz blasting back against the president. >> i think the president was terribly irresponsible today. to say he will not talk about it because he is above it, but blame all of congress, in part c
for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a monthly extension is drama. so, what, congress should simply do its job. it should not, we're not going to negotiate over extending the debt ceiling. >> reporter: jay carney said they should avoid another process that causes self-inflicted wound to the economy. jenna. jenna: mike emanuel in washington. mike, thank you. jon: on capitol hill concern is growing over what could happen if the country defaults on its debt. right now administration wants to pay the bill in the order which they are received but republicans say there is a better way that might even avoid default. chief political correspondent carl cameron is live in washington for us. so what are the alternatives here, carl? what's the plan? >> reporter: well, they're talking about plans and none of the alternatives are particularly good because the situation is so bad. with the white house refusing to negotiate spending cuts with republicans as part of a
're concerned about their economy, but iran is definitely up there front and center, and the meeting between the u.n. nuclear watch dog and iran has been pushed back by a day. it will be on february 13th, perhaps another stall tactic. will netanyahu become more aggressive toward iran and could we expect to see more unilateral decisions with respect to iran? >> i believe prime minister netanyahu is dedicated and committed to stopping iran from acquiring a nuclear weapon. and time indeed is running out. we believe that by the summer it may be too late. so what we're looking at is actually the spring, maybe, june at the latest, when a decision will have to be made. we still hope that the diplomacy will play its role. we still hope that sanctions will work. but if they don't, i believe that prime minister netanyahu will make sure and will keep his word that he will not allow iran to become nuclear. he will not be willing to be the prime minister during the second holocaust of israel. he is very committed to that. but in order to do that he would need a very strong coalition, very, very strong re
of our debt relative to the size of our economy, but it would make it manageable. jon: that's the $4 trillion that he is talking, talking about, sg that if you can cut $4 trillion in spending, that's going to make thingsings hunky dory. is it? >> with well, no, i would say no. for the reasons doug suggests that $4 trillion isn't really $4 trillion. if it were a real $4 trillion, it would be an effective patch, a short-term fix. what it will not do, however, is change the long-term debt trajectory of the country, and there's really no discussion, particularly discussion that involves the white house on a serious level about changing the debt trajectory of the country. you're not hearing from the president proposals for long-term, structural entitlement reform which everybody in washington, b everybody who's paid even cursory attention to these issues understands is what's really driving our debt. jon: and i just have to let our viewers know that steve is not a marionette, there are cables behind his head for the window washers -- [laughter] who are getting ready to clean the windows t
Search Results 0 to 6 of about 7 (some duplicates have been removed)